Ford Media July 24, 2024 Ford reported second-quarter revenue of $47.8 billion, net income of $1.8 billion, and adjusted EBIT of $2.8 billion. Ford Pro achieved quarterly EBIT of $2.6 billion with a 15% margin and a 9% revenue increase. Ford Blue’s hybrid sales grew 34%, representing nearly 9% of the global vehicle mix. Ford Model e costs were down by approximately $400 million. The full-year 2024 adjusted EBIT outlook remains at $10 billion to $12 billion, while the adjusted free cash flow outlook has been raised by $1 billion to between $7.5 billion and $8.5 billion. Source: Ford Media (July 24, 2024)
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